Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $220.00

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) had its target price boosted by analysts at UBS Group from $210.00 to $220.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective would suggest a potential upside of 14.74% from the company’s current price.

A number of other research analysts also recently commented on EXPD. Citizens Jmp started coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Bank of America upped their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Truist Financial raised their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. BNP Paribas Exane assumed coverage on Expeditors International of Washington in a research report on Wednesday. They set a “neutral” rating and a $180.00 target price on the stock. Finally, Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $174.00.

Read Our Latest Research Report on Expeditors International of Washington

Expeditors International of Washington Trading Up 2.1%

EXPD traded up $4.00 during trading hours on Friday, hitting $191.74. The company’s stock had a trading volume of 946,137 shares, compared to its average volume of 1,272,595. The stock has a market cap of $24.92 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 5.00 and a beta of 1.06. The business’s 50-day moving average price is $184.82 and its 200-day moving average price is $166.70. Expeditors International of Washington has a 12 month low of $112.94 and a 12 month high of $194.59.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period in the previous year, the company posted $1.34 earnings per share. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. On average, analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its stake in shares of Expeditors International of Washington by 6.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,946 shares of the transportation company’s stock valued at $480,000 after buying an additional 179 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Expeditors International of Washington by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,107,979 shares of the transportation company’s stock worth $180,578,000 after acquiring an additional 3,909 shares during the last quarter. Andra AP fonden boosted its holdings in Expeditors International of Washington by 151.0% during the 2nd quarter. Andra AP fonden now owns 95,421 shares of the transportation company’s stock valued at $15,552,000 after acquiring an additional 57,400 shares during the period. State Street Corp boosted its holdings in Expeditors International of Washington by 1.5% during the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock valued at $1,195,498,000 after acquiring an additional 109,798 shares during the period. Finally, SkyView Investment Advisors LLC bought a new position in Expeditors International of Washington in the 2nd quarter valued at $163,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

(Get Free Report)

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.

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Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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